Canadian Underwriter

Keyword
fraud


News InsuranceLegalMergers and AqcuisitionsTechnology

Facial recognition set to go live in Saskatchewan in late August

August 18, 2016 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) will have in place facial recognition software when issuing driver licences and photo identification cards come Aug. 24, a move the insurer maintains will help combat fraud and bolster road safety. Customers will not notice anything

News CatastrophesInsuranceLegalMergers and Aqcuisitions

Indictment: Engineering firm altered Superstorm Sandy damage reports

August 4, 2016 Michael Balsamo - THE ASSOCIATED PRESS

MINEOLA, N.Y. – An engineering firm that was hired by insurance companies to evaluate damage caused by Superstorm Sandy was charged Monday with illegally altering reports prepared by inspectors in the field. HiRise Engineering and one of the company’s project

News Insurance

One in two fraud mitigation professionals ‘highly concerned’ with identify theft: LexisNexis

July 6, 2016 by Canadian Underwriter

One in three fraud mitigation professionals who were not using either external data or analytics-based products for fraud detection and mitigation cited lack of budget as a reason why, LexisNexis Risk Solutions suggested in a report released Wednesday. LexisNexis Risk

News InsuranceLegal

Supreme Court of Canada to hear appeal from Deloitte over $118-million judgment arising from Livent fraud

June 9, 2016 by Canadian Underwriter

The Supreme Court of Canada announced Thursday it will hear an appeal from Deloitte & Touche, which was sued for $84 million in Ontario by the special receiver for Live Entertainment Corporation of Canada Inc., essentially for failing to detect

News InsuranceLegal

Financial and Consumer Affairs Authority of Saskatchewan issues warning over financial scam

June 6, 2016 by Canadian Underwriter

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is warning the public about an ongoing financial scam that attempts to solicit financial information from unsuspecting victims. This scam is committed by persons who claim to be representatives of Financial

News InsuranceLegal

Human error seen as leading cause of information security breaches for small businesses: Canadian survey

May 31, 2016 by Canadian Underwriter

Not enough small businesses in Canada are implementing training programs and establishing protocols to help employees recognize risks to information security despite staff awareness and errors being among the biggest threats, suggest results of Shred-it’s 2016 Security Tracker Survey. Canadian

News InsuranceLegalMergers and Aqcuisitions

Reduced auto insurance accident benefits could influence balance between attendant care, treatment: lawyer

May 12, 2016 Angela Stelmakowich, Editor

The reduced accident benefits under Ontario’s auto reforms may prove a shock to drivers with non-catastrophic injuries, but perhaps should also elicit concern over the potential for treatment to come second to attendant care, suggests Daniel Strigberger, a lawyer with

News AssociationsInsuranceLegalMergers and Aqcuisitions

IBC launches Provincial Auto Theft Network program in Newfoundland and Labrador

April 26, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) announced on Tuesday that it has launched the Provincial Auto Theft Network (PATNET) program in Newfoundland and Labrador. The two-day PATNET training session in St. John’s, Nfld., which has drawn interest from law enforcement

News AssociationsLegislation / RegulationMergers and AqcuisitionsProfessional DevelopmentTechnology

YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance

April 22, 2016 by Canadian Underwriter

The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms

News InsuranceLegalMergers and Aqcuisitions

Two Alberta men charged in connection with arson of their own business

April 13, 2016 by Canadian Underwriter

The Calgary Police Service (CPS) Arson Unit announced on Tuesday that a father and son have been charged in connection with the arson of their own business. At approximately 2:25 a.m., on Thursday, Sept. 6, 2015, an alarm was triggered

News InsuranceLegalMergers and Aqcuisitions

Vaughan, Ontario man charged following $63,000 insurance fraud investigation

April 12, 2016 by Canadian Underwriter

Just days after the York Regional Police (YRP) announced that they have laid charges in connection with an alleged staged collision in the Township of King, Ont., police said on Monday that they have charged a 36-year-old Vaughan man in

News InsuranceLegalMergers and AqcuisitionsTechnology

FBI warns of dramatic increase in business email compromise scams, says US$2.3 billion lost over two-year period

April 8, 2016 by Canadian Underwriter

The Federal Bureau of Investigation (FBI) in the United States has issued a warning of a “dramatic” rise in “business email compromise” scams (BEC) that has resulted in massive financial losses in U.S. cities. From October 2013 until February 2016,